Nikkei edges up as Citi lifts banks, but yen weighs

TOKYO (BestGrowthStock) – Japan’s Nikkei average advanced 0.4 percent on Tuesday with banking shares gaining after stronger-than-expected results from Citigroup, but the yen’s continued strength weighed on the market.

Investors were reluctant to trade actively before the Group of 20 nations meeting later in the week and the U.S. Federal Reserve’s policy meeting on November 2-3, keeping market turnover low, analysts said.

The benchmark Nikkei closed up 40.96 points at 9,539.45, while the broader Topix rose 0.4 percent, or 3.21 points, to 833.73.

(Reporting by Chikafumi Hodo; Editing by Chris Gallagher)

Nikkei edges up as Citi lifts banks, but yen weighs